Qualification: BSB50215 Diploma of Business Unit of Competence: BSBRSK501 Manage risk Please complete this form and attach it with the Assessment Summary Student Name : Date : AIBT Student ID No : Assessor Name : Assessment Task and Assessment Checklist You must complete the assessment to demonstrate the underpinning knowledge and skills required to manage a range of meetings, including overseeing the meeting preparation processes, chairing meetings, organising the minutes and reporting meeting outcomes. This assessment must be completed and submitted to AIBT within one week after completing the class (or deadline set by your trainer / assessor). You can submit it via either Email to your assessor, OR Email to [email protected] Please make sure you have a backup copy or hard copy before submitting this assessment. The results of this assessment will be available within 2 week after submission. The Report must be word processed If you believe you require support or flexible adjustment to successfully complete this assessment, you should speak with the Trainer/Assessor before you start. In case of RPL (Recognition of Prior Learning), this assessment tool can be in conjunction with a third party report and / or a portfolio of evidence to confirm /support competence in this unit. Late assessments may result in a Not Yet Competent outcome and you will have to negotiate the completion of another assessment with your Trainer/Assessor. Special Support or Flexible Adjustment Assessor discretion is used in relation to adjustment for assessment for students with special needs The methodology used for this assessment was : Assessor Signature ( Student written response only ( Written response with clarifying questions, documented by Assessor ( Oral response only, documented by Assessor Assessment Format & Plagiarism Policy Plagiarism is defined as the copying of sections of any published work without acknowledgement of the source. Cheating is defined as handing in someone else’s work as your own or allowing someone else to hand up your work, several people writing one computer copy and handling up multiple copies, all represented as individual work and using any part of someone else’s work without proper acknowledgement AIBT maintains Zero Tolerance in relation to plagiarism and / or cheating. Any student found have plagiarised work or cheated or assisted another person to plagiarise or cheat will automatically be disqualified from the assessment, receive a Not Yet Competent result and may be subject to expulsion from the course / program. I confirm that I am prepared to undertake this assessment, and I understand the above policy and declare the attached assessment is all my own original work. Student Signature : __________________________ Date : _________________________ I confirm that the Assessment was conducted as per the minimum standards required by RTO, AQF and ESOS, that no favouritism or special dispensation has ...

1. Qualification:
BSB50215
Diploma of Business
Unit of Competence:
BSBRSK501
Manage risk
Please complete this form and attach it with the Assessment
Summary
Student Name :
Date :
AIBT Student ID No :
Assessor Name :
Assessment Task and Assessment Checklist
You must complete the assessment to demonstrate the
underpinning knowledge and skills required to manage a range
of meetings, including overseeing the meeting preparation
processes, chairing meetings, organising the minutes and
reporting meeting outcomes.
This assessment must be completed and submitted to AIBT
within one week after completing the class (or deadline set by
your trainer / assessor). You can submit it via either

2. Email to your assessor, OR
Email to [email protected]
Please make sure you have a backup copy or hard copy before
submitting this assessment.
The results of this assessment will be available within 2 week
after submission.
The Report must be word processed
If you believe you require support or flexible adjustment to
successfully complete this assessment, you should speak with
the Trainer/Assessor before you start.
In case of RPL (Recognition of Prior Learning), this assessment
tool can be in conjunction with a third party report and / or a
portfolio of evidence to confirm /support competence in this
unit.
Late assessments may result in a Not Yet Competent outcome
and you will have to negotiate the completion of another
assessment with your Trainer/Assessor.
Special Support or Flexible Adjustment
Assessor discretion is used in relation to adjustment for
assessment for students with special needs
The methodology used for this assessment was :
Assessor Signature
( Student written response only
( Written response with clarifying questions, documented by
Assessor
( Oral response only, documented by Assessor
Assessment Format & Plagiarism Policy
Plagiarism is defined as the copying of sections of any
published work without acknowledgement of the source.
Cheating is defined as handing in someone else’s work as your

3. own or allowing someone else to hand up your work, several
people writing one computer copy and handling up multiple
copies, all represented as individual work and using any part of
someone else’s work without proper acknowledgement
AIBT maintains Zero Tolerance in relation to plagiarism and /
or cheating. Any student found have plagiarised work or cheated
or assisted another person to plagiarise or cheat will
automatically be disqualified from the assessment, receive a Not
Yet Competent result and may be subject to expulsion from the
course / program.
I confirm that I am prepared to undertake this assessment, and I
understand the above policy and declare the attached assessment
is all my own original work.
Student Signature : __________________________ Date :
_________________________
I confirm that the Assessment was conducted as per the
minimum standards required by RTO, AQF and ESOS, that no
favouritism or special dispensation has been applied, that
support and flexible adjustment has been applied rationally and
that feedback has been provided to the student.
Assessor Feedback
Assessor Signature
Date :
Assessment Outcome
( Competent Achieved
( Not Yet Competent
( Re – Assessment Required
This assessment is 30% of the total marks for overall unit
assessment

4. It is marked out of 100 and you must achieve 80 marks to be
assessed as competent
Monitor risk and evaluate processes
Submission details
Candidate’s Name
Phone No
Assessor’s Name
Phone No
Assessment Sites
Assessment Date/s
Time/s
The assessment task is due on the date specified by your
assessor. Any variations to this arrangement must be approved
in writing by your assessor.
Submit this document with any required evidence attached. See
specifications below for details.
Performance objective
For this task you are required to review the implementation of
the risk management action plan you developed in Assessment
Task 2 and prepare a monitoring report.
Assessment description
For the MacVille Pty Ltd simulated business scenario provided,

5. you are required to assume the role of Brisbane store Assistant
Manager, Ash, who has just been promoted to be Manager of a
new store. Ash has been tasked with conducting a risk
management analysis of this new venture.
There are three stages to this project: (1) review, (2) analyse
and plan, and (3) monitor. This project is divided into three
assessment tasks as follows:
For this task, you are to review the implementation of the risk
management action plan you developed in Assessment Task 2
against the simulated business information provided in this task.
Then, you will need to prepare a monitoring report evaluating
the outcomes of the action plan and risk management process.
Procedure
Review the MacVille simulated business scenario information
provided in the Appendix of this task.
Develop a report for the CEO (your assessor), which examines
the ongoing implementation of the risk management action plan.
Ensure you include the following sections in your report:
Plan – a clear summary of the initial risk and the plan
implemented to manage it.
Implementation – a summary of all actions taken to date in
attempting to manage identified risks.
Outcomes – a clear statement identifying continued and/or
reduced risks, with supporting information in tables or graphs
where available.
Evaluation – a clear analysis of the effectiveness of the risk

6. management plan, including risk assessment (e.g. risk matrix),
by comparing the implementation with the outcomes.
Note: Ensure your report is written in a style appropriate to
your stakeholder audience, for example, using appropriate
language and including appropriate illustrative material (such as
checklists, diagrams or flow charts) and attachments to support
your findings and process.
Submit the required documents for assessment as per the
specifications below. Be sure to keep a copy for your records.
Specifications
You must provide:
a monitoring report.
Your assessor will be looking for:
reading skills to review, interpret and analyse text-based
business information from a range of sources in order to
evaluate effectiveness of risk management implementation
written skills to organise and deliver information to effectively
communicate evaluation of activities to stakeholders
numeracy skills to interpret mathematical data when reviewing
and evaluating scenario business information effectiveness of
activities
ability to work independently to analyse scenario information
and evaluate effectiveness of activities
ability to interact with others using appropriate conventions
when communicating to, and consulting with, stakeholders

7. ability to sequence and schedule activities and manage
communication
ability to analyse relevant information to identify and evaluate
effectiveness of activities
ability to use familiar digital technology to access information,
document findings and communicate them to stakeholders.
Adjustment for distance-based learners
No variation of the task is required.
A follow-up interview may be required (at the discretion of the
assessor).
Documentation can be submitted electronically or posted in the
mail.
Appendix: Scenario – MacVille Pty Ltd simulated business
Implementation information
It has now been six months since you delivered your risk
management action plan.
In accordance with the action plan, an external audit was
completed and has been presented to the MacVille Board. The
audit investigated the status of the planned actions on the risks
identified.
A summary of the findings
The financial controller had taken out $5,000 on insurance
cover for cash held on the premises overnight from the launch
week as planned.

8. The company bank account that was planned to be opened in the
first week was actually opened about four weeks after the café’s
launch at the bank two doors down the street. As it is not
MacVille’s regular bank, there are difficulties with getting the
same level of service that MacVille stores receive in Brisbane.
The teleconferencing system, planned for six months after
launch, has not yet been installed, due in part to the delay in the
rollout of the federal government’s National Broadband
Network.
The weekly management meetings are finishing close to 3.00
pm as planned but sometimes the manager has to stay on at the
request of the head office team. The manager has not yet been
issued with an excusal letter by the CEO as agreed, and feels
that they do not have the authority to just walk out at 3.00 pm.
The assistant manager training has been shifted to the mornings,
allowing the manager to leave before 1.00 pm as planned.
The Board of Directors and CEO included a new policy
regarding compliance with the Toowoomba by-law on water
conservation as planned, but the specific procedure has not yet
been written. However, it appears that compliance is being
achieved.
The plants have been changed to natives that require minimal
water as planned. The installation of dual-flush toilets were
planned for completion six months after settlement, and
although the dual-flush toilets have been ordered and are in
stock, they cannot be installed due to the backlog of work by
district plumbers. The five-star rated (WELS) dishwasher was
installed by the supplier within the six-month timetable as
planned.

9. The application to ‘make good’ by Goldsmith Partners on behalf
of MacVille was accepted by the Toowoomba City Council;
however, the grace period to comply with by-law ends in 14
days and the store is still above the acceptable benchmark for
water use.
The training on daily banking appears to have been successfully
completed as planned. An audit of the bank deposit book shows
that there is no banking entry for the day’s sales on only two
occasions in the past six months.
There has been one internal audit arranged by the store and, as
planned, there should have been a call every two months. The
store manager cites the distance that auditors have to travel and
their overloaded work with the Brisbane stores as the reason for
this infrequency.
Although the training on the water-saving processes, as directed
by the policy, has been verbally explained and followed, the
written procedure has not been completed as the assistant
manager (James Mansfield) claims to be too busy.
A water tank had been built in to the courtyard but the plumbing
has not yet been connected. There is a weekly water-usage
monitor in the staff room as planned but the information has not
been updated for the past three weeks.
All the original staff members are wearing the MacVille
uniform. However, these original employees are now
responsible for directly supervising new employees. The
original staff members are not explaining the uniform
requirements to new employees and are not delivering any
warnings for uniform non-compliance. As a result, there has
been an increase in uniform non-compliance.
Assessment Task 1

10. Risk review report, email to stakeholders and meeting with CEO
Assessment Task 3
Risk analysis report, action plan and risk treatment
Monition Report
Assessment Task 2
O:Course MaterialsSMLBSB50215 Diploma of
BusinessBSBRSK501 Manage riskAIBT Assessment Material -
BSBRSK501 Manage RiskFM 342 -Manage Risk Formative
Assessment (3-Monitor Report) V1.1 May 23-16.doc
Version 1.1
Created: 07/03/2016

11. Last modified: 23/05/2016
Revision: 23/05/2017
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